Sejal Architechural Glass IPO opens on June 9th 2008

Sejal Architectural Glass IPO will hit the capital markets on June 9th, 2008, with an public offering of over 91 lakh equity shares of Rs 10 each with the price band fixed between Rs 105 and Rs 115 per equity share.

Sejal Glass IPO proceeds will be used for setting up of a new manufacturing facility for the production of float glass with a capacity of 2,00,750 MT per annum in Gujarat.

Sejal Glass IPO has been graded by CRISIL and the public issue has received CRISIL IPO Grade 1/5 which indicates very poor fundamentals compared to other IPO’s.

Sejal Architectural Glass IPO Subscription closes on June 12th, 2008. Sejal Glass IPO shares are proposed to be listed on National Stock Exchange of India and Bombay Stock Exchange.

Saffron Capital Advisors Private Limited is the sole book running lead manager to Sejal Architectural Glass IPO.